Good (incredible?) value
Hey watchpeople
I'm new here and more or less new to watches as well. As I tend to spend a lot of time browsing around looking for watches I've never even realized Glycine existed. It wasn't until I actually passed the window of their store in Biel (Switzerland) when I saw these nice looking watches.
Now I'm really surprised: If I check out the Swiss Online-Store I see this Sub for over 1k Swiss Francs, but in the EU-Store it's 525 Euro! For all I've seen until now this is an amazing price for a Swiss Made watch, isn't it? Comparable watches from the Swatch Group like Tissot or Certina etc. cost at least around 800 for all I know.
How is that possible? It's even supposed to use a Swiss Sellita Movement and everything and I think it's quite a bargain. What do you think?
I'm skeptical towards my sudden love and fascination for watches
If this is true then yes it is a good price for that package.
The Glycine in the EU-store is likely a "grey market watch". Meaning it was sold at close to cost by an authorized dealer(AD), to a "grey market" dealer that sells it for a small profit over their cost.
What happens is a brand will require an AD to buy a certain number of watches, whether or not the AD can actually sell them. If the AD doesn't buy enough watches, they lose their AD status, so they buy what they can sell/what they need to. Brands also frown on ADs that sell their watches at too much of a discount below RRP, so ADs have to keep prices usually within 10-30% of the RRP(it varies a lot).
When an AD has too much stock sitting around, they sell that stock on to a grey market dealers who aren't ADs, and therefore can sell the watches at whatever price they want to. Most grey market dealers are online only, so they have lower operating costs than ADs, which means they can sell watches at much lower prices than an AD can.
Glycine’s business model is broken. They are routinely marked down to very low price points compared to MSRP. Check out Ashford. I don’t own one but there are many, many fans. Just an observation.
They are following the model of their parent company, Invicta. Manufacture thousands of models and sell at a decreased profit margin. The Glycine models are regularly 50% off MSRP. I’m sure when the July sale ends, the August sale will begin.
All that said, it is a fine watch and a homage to the Rolex Submariner…and the Explorer.
That is a nice looking package! I have no experience with the brand but curious if it is covered by any warranty which might not be much of an issue since the movement is easily repaired by any wmaker.
I have a Glycine and it is a good solid watch. Their pricing can be all over the place but never pay full RRP for one from what I can tell.
I don't buy into the hype of Swiss. Quality and value should stand on their own.
And by almost any measurement the Japanese make much better value watches. You can get titanium with fantastic finishing, accuracy and durability for sub 200 bucks.
That is a nice looking package! I have no experience with the brand but curious if it is covered by any warranty which might not be much of an issue since the movement is easily repaired by any wmaker.
in the europe-store there is a 2 year warranty
Glycine is a respectable Swiss brands with plenty of history and heritage. I wouldn't let the Invicta connection spoil your excitement. So far as I know, they taken a hands off approach to Glycine.
And yes, their watches are underappreciated by collectors so bargains can be had.
Any watch from them with an ETA 2892 derived, sellita sw300 is a great value purchase.
thanks for your comment, very helpful!